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Peloton managed to beat sales expectations during its fiscal fourth quarter, but the exercise equipment maker reported a bigger loss than anticipated partly due to recall costs and a shift in consumer spending. Shares plunged more than 27% before the…
BERLIN — Germany plans to ease citizenship rules under legislation approved Wednesday by the Cabinet, a project that the government contends will bolster the integration of immigrants and help an economy that is struggling with a shortage of skilled workers.…
NEW YORK — Kohl’s reported on Wednesday that both profits and sales declined in the second quarter as the department store chain wrestles with shoppers’ cautious spending in a challenging economy. But the results beat Wall Street expectations as the…
Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. Shares tumbled more than 27% before the market open…
JOHANNESBURG — Leaders of some of the developing world’s most important economies turned Wednesday to the main business of their summit in South Africa, a day after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge…
WASHINGTON — A year ago, Chair Jerome Powell delivered a stark warning: To fight persistently high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth.…
HONG KONG — The Hong Kong government was given the green light on Wednesday to appeal a court’s refusal to ban a protest song, after government lawyers cited national security concerns. “Glory to Hong Kong” was often sung by demonstrators…
BEIRUT — Four years into its historic economic meltdown, Lebanon’s political elites, masters at survival, are pushing for a recovery that would sidestep tough reforms demanded by the International Monetary Fund. Economic experts and former officials involved in designing Lebanon’s…
CHANCAY, Peru — Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate…
TOKYO — Kazutaka Yonekura dreams of a world where everyone will have their very own digital “clone” — an online avatar that could take on some of our work and daily tasks, such as appearing in Zoom meetings in our…